Uzbekistan recorded a Current Account deficit of 5.40 percent of the country's Gross Domestic Product in 2020. source: SESRIC

Current Account to GDP in Uzbekistan averaged 0.97 percent of GDP from 1992 until 2020, reaching an all time high of 9.18 percent of GDP in 2006 and a record low of -7.98 percent of GDP in 1993. This page provides - Uzbekistan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uzbekistan Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Uzbekistan is expected to reach -6.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uzbekistan Current Account to GDP is projected to trend around -6.00 percent of GDP in 2022 and -4.50 percent of GDP in 2023, according to our econometric models.

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Uzbekistan Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-5.40 -5.80 9.18 -7.98 1992 - 2020 percent of GDP Yearly

Uzbekistan Trade Last Previous Highest Lowest Unit
Balance of Trade -798.00 254.40 2015.50 -1466.60 USD Million [+]
Current Account -2092.56 -2727.89 2621.00 -2727.89 USD Million [+]
Current Account to GDP -5.40 -5.80 9.18 -7.98 percent of GDP [+]
Imports 2119.20 1997.80 13946.90 779.60 USD Million [+]
Exports 1321.20 2252.20 14322.70 568.90 USD Million [+]
Remittances 1386.22 1725.51 2515.90 505.70 USD Million [+]
Terrorism Index 0.01 0.02 4.20 0.00 [+]
Gold Reserves 358.00 364.22 367.00 307.30 Tonnes [+]
Foreign Direct Investment 251.56 669.25 832.62 -1.74 USD Million [+]
External Debt 36770.69 36328.78 36770.69 59.70 USD Million [+]
Capital Flows -766.38 -3076.77 1567.81 -3076.77 USD Million [+]
Crude Oil Production 5.00 5.00 118.00 5.00 BBL/D/1K [+]

Uzbekistan Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.